Another suggestion for delving into the realm of Fibonacci analysis - read the book "Trading with DiNapoli Levels" by Joe DiNapoli. Not the cheapest book on the block (upwards of 140USD on Amazon), but you have a choice on how to pay your trading education tuition - printed literature or losses to the markets (personally, I have used both - lol).
Numbers (turning points) derived from these ideas are like magic when they hit, and when they don't, you can always say they shudda - heheh. Seriously, tho, at the least they can provide possible clues to future price direction, simply from observing how price reacts at these various levels. Not the Grail, but a usable tool nonetheless.
Google: joe dinapoli fibonacci for more info ... good luck/